For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Current Year $ 411, 225 209,550 12, 100 9,525 $ 673,500 642, 400 $31, 100 $ 1.90 1 Year Ago $ 345,500 134,980 13, 300 8,845 $ 532,000 502, 625 $ 29,375 $ 1.80 Earnings per share For both the Current Year and 1 Year Ago, compute the following ratios: (1-a) Profit margin ratio. (1-b) Did profit margin improve or worsen in the Current Year versus 1 Year Ago? (2) Total asset turnover. (3-a) Return on total assets. (3-b) Based on return on total assets, did Simon's operating efficiency improve or worsen in the Current Year versus 1 Year Ago?
For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Current Year $ 411, 225 209,550 12, 100 9,525 $ 673,500 642, 400 $31, 100 $ 1.90 1 Year Ago $ 345,500 134,980 13, 300 8,845 $ 532,000 502, 625 $ 29,375 $ 1.80 Earnings per share For both the Current Year and 1 Year Ago, compute the following ratios: (1-a) Profit margin ratio. (1-b) Did profit margin improve or worsen in the Current Year versus 1 Year Ago? (2) Total asset turnover. (3-a) Return on total assets. (3-b) Based on return on total assets, did Simon's operating efficiency improve or worsen in the Current Year versus 1 Year Ago?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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